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TOKYO, Feb 2 (Reuters) – Japan’s biggest power generator JERA said on Wednesday it will spend 160 billion yen ($1.4 billion) to develop one gigawatt (GW) of solar power farms in Japan over the next five years by joining with local energy developer West Holdings Corp (1407.T).
The move marks JERA’s entry into a local solar power market and comes as part of its plan to expand its renewable energy capacity to 5 GW by 2025 from about 1.5 GW now to help combat climate change.
“We want to become Japan’s biggest solar power operator,” Satoshi Yajima, JERA’s managing executive officer, told reporters.
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Under the collaboration, JERA will ask West Holdings to build solar power farms at about 7,000 sites, including former JERA power plant sites, and will sell the electricity to corporate customers seeking clean energy.
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